Reply to 401k savings limit to increase in 2023

Forum Index » Money and Finances

Reply to "401k savings limit to increase in 2023"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I can't believe how bitter they are that some poor people are getting a larger proportional "payback" from Social Security. The vast, vast, VAST majority of these people aren't even people who can possibly put away the 401k savings limit, so the "advantage" they have over you is purely theoretical, and I'm reasonably sure you wouldn't trade for the lifestyle of someone whose primary income in retirement is from SS. (I have an HHI of $160k and day care bills, and I'm not sure we will be able to afford to max out with these new limits, so I know people making much less would have a very hard time with it, and the statistics on US retirement savings are pretty dismal.)

If you're upset that if someone with much less than you is getting a [i]proportional[/i] tax break you're not, I suggest rolling around in your much larger [i]absolute[/i] quantity of money to feel better. [/quote]

The payback from SS is proportional to what you paid in.  However, most people who scream about the limit on collecting SS from people don't seem to realize that and that there is a cap on what you get paid back which is proportional to what you paid in[/quote]

This is BS. My mother worked in an administrative type job in the 70's for only a few years until she quit for good at age 30 when she had me. She's now collecting $1300 a month in SS, far exceeding what she ever paid into it. [/quote]
She’s probably collecting based on your dad’s.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics